Ukraine: Debts

(asked on 24th May 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions officials in their Department have had with (a) the International Monetary Fund and (b) G7 member countries on the effect of the upcoming debt repayments due from Ukraine on that country’s ability to mitigate the humanitarian impact of Russian aggression.


Answered by
John Glen Portrait
John Glen
This question was answered on 31st May 2022

The UK continues to work with its international partners, including with its G7 partners and International Financial Institutions such as the IMF, to progress current and future support to Ukraine. The Government of Ukraine has been clear that it wishes to remain current on its debt service repayments to all its creditors and has not requested a debt deferral or restructuring from its creditors.

The UK’s combined package to Ukraine in response to the crisis totals over $3 billion. This comprises of around $500 million in economic and humanitarian support for Ukraine, making the UK a leading bilateral humanitarian donor; almost $1 billion in guarantees on World Bank lending to Ukraine; $50 million in potential guarantees on lending to Ukraine by the European Bank of Reconstruction and Development; and over $1.5 billion in military aid. We continue to discuss Ukraine’s economic support needs directly with Ukraine’s Ministry of Finance.

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